[derex]

I have a close friend who got Sr Engineer offer from Bolt. The 500k yearly TC is somewhat misleading because it’s assuming more than 2x growth in evaluation. While they may very well achieve that, you’re not gonna see the full 500k for an uncertain amount of time. More people should be aware of the nuances in these compensation figures.

[solarkraft]

Wow, I imagined stock comp would usually be based on current valuation.

[comp_throw7]

It is, if they're offering RSUs rather than options. With options there's no meaningful "current valuation" since they're granted with a strike price that should be equal to their last valuation, there's only a potential distribution of future outcomes based on expected multiples (incl. 0).

[claytonjy]

Yup, same!